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Global investment firm Nuveen bets on niche real estate subsector

Global investment firm Nuveen bets on niche real estate subsector

An open-air strip retail center in Richmond, Virginia. Courtesy of Nuveen A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign…

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Mortgage rates drop to the lowest level in over a year, pushing refinancing 111% higher annually

Mortgage rates drop to the lowest level in over a year, pushing refinancing 111% higher annually

A ‘For Sale’ sign is posted beside property for sale in Alhambra, California. Frederic J. Brown | AFP | Getty Images Mortgage interest rates dropped for the fourth straight week last week, spurring both current homeowners and potential homebuyers to call their lenders. Total mortgage application volume increased 7.1% compared with the previous week, according…

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